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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Comment by SGCGRIMREAPERon Aug 04, 2020 1:36pm
100 Views
Post# 31362266

RE:Flush

RE:FlushMarketsense - you're so right and I hear Petey is working behind the scenes to get this and much more done.

I know they're talking to multiple big players in the mining industry as we speak for board and other positions. I believe the former CEO ran this thing like it was private and was not focused in a way that allowed IMG to act unopposed.

Don't be surprised that Petey already has approached one or more royalty companies who also mine in that part of the world. I betcha they be mighty interested in our royalty and 25% ownership. 

Petey says he believes when those winter drill results are finally released, it will be apparent to most the deposit is now at least twice the current resource and therefore, our target price goes to $3 - $4

Better days are coming with a real mining team coming together.
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